USA: Household consumption, percent of GDP

USA: Household consumption as percent of GDP

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For that indicator, The World Bank provides data for the USA from 1960 to 2017. The average value for the USA during that period was 63.58 percent with a minumum of 58.88 percent in 1967 and a maximum of 68.46 percent in 2011.
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Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.